Argentina has committed to begin automatically exchanging information on crypto-asset transactions with tax authorities in other jurisdictions by September 2029, expanding international tax reporting requirements for the country's digital-asset sector.
Cointelegraph highlighted the development in a post on X. The commitment was formally announced by the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes on Sept. 14, which said Argentina will implement the Crypto-Asset Reporting Framework, or CARF.
Argentina Joins Global Crypto Tax Reporting Framework
Under the commitment, Argentina will implement CARF and start automatic exchanges of information on crypto-asset transactions by September 2029. The Global Forum said Argentina has been a member of the organization since 2009 and has participated in discussions surrounding implementation of the framework.
The OECD developed CARF with G20 countries to extend automatic tax-information exchanges to crypto assets. The framework is intended to provide tax authorities with standardized information on relevant crypto transactions and the tax jurisdictions associated with users.
The Global Forum said the framework addresses challenges created by crypto assets, particularly where taxpayers hold or transact in digital assets across borders. Under CARF, participating jurisdictions establish domestic rules requiring relevant crypto-asset service providers to collect and report specified information.
77 Jurisdictions Have Made CARF Commitments
Argentina's announcement brings the number of jurisdictions formally committed to implementing CARF to 77, according to the Global Forum. Those jurisdictions have committed to begin exchanges in 2027, 2028 or 2029.
The framework is designed around automatic, standardized information exchange rather than requiring tax authorities to make individual requests for every transaction. The OECD says CARF covers tax-relevant information on crypto-asset transactions and provides for its automatic exchange with the jurisdictions where taxpayers are resident.
The system includes rules for reporting crypto-asset service providers, information on transactions subject to reporting, due-diligence procedures for identifying crypto-asset users and their relevant tax jurisdictions, as well as technical standards for exchanging the information.
Implementation Deadline Set for September 2029
The Global Forum will monitor Argentina's progress toward its September 2029 target and provide implementation support through its secretariat. The organization said Argentina's commitment contributes to the broader international rollout of CARF.
The OECD has described CARF as part of a wider international effort to prevent gains in tax transparency from being undermined by the increasing use of crypto assets. The framework complements existing international standards covering automatic exchanges of financial-account information.
For Argentina, the next stage will involve implementing the necessary domestic framework and establishing the mechanisms required for international exchanges. The stated deadline for beginning automatic crypto-asset information exchanges is September 2029.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.